Since “Chavez” was lead-produced by Canana, the Mexico City-l.A. production company founded by Luna, Gael Garcia Bernal and Pablo Cruz, it was a perfect fit for Mundial to sell “Chavez” internationally.

This news comes right after Mundial acquired “Libertador,” a biopic of 19th-century independence fighter Simon Bolivar, reportedly budgeted at north of $50 million, the Chavez pickup gives Mundial two of the biggest movies, both in post-production, from Latin American directors this year.